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$COST said that 3Q16 interest expense came in at $30MM vs. $31MM in 3Q15, essentially flat. Actual interest income within Interest Income and Other was essentially similar YoverY at about $10MM. Pre-tax income was higher by 4.5% or $36MM coming in at $835MM, up from $799MM in 3Q15. Tax rate was 34.2% for the quarter.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.